Today, CreditConnection dealers can communicate electronically with some of the largest financial institutions, finance companies and captive finance companies that provide automobile credit, including AmeriCredit; BancOne; Bank of America; Bank of Montreal; Key Bank; NationsBank; PNC; Wachovia; WFS Financial; GMAC, the captive finance company of General Motors; and NMAC, the captive finance company of Nissan Motors.

Interestingly, the data shows that captive finance companies do more shorter terms leases, 12 to 36 months, while non-captive lessors do a greater percent of business in long-term leases, from 37 to 60 months.

Importantly, under Fitch's criteria for captive finance companies, we generally may only recognize a one notch differential between the IDR of a captive finance company and that of an original equipment manufacturer (OEM).

The company offers proven, end-to-end auto remarketing solutions to auto manufacturers, captive finance companies, lease and daily rental companies, financial institutions and wholesale auto auctions throughout the United States and Canada.

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